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22 May 2020 • By Lachlan Maddock • 1 min read

COVID will have ‘hugely negative effects’ for savers

The vice-chairman of one of the world’s largest alternative asset managers has criticised the early super release scheme, saying it isn’t wise in the ...

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Early super surge expected before July cut-off

Despite hopes the pressure super funds are facing from the early release scheme will taper off as the economy reopens, the AIST has said it ...

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Rest demands early super certainty

Rest is chafing at the early super release scheme, saying policy uncertainty is preventing it from spending big on Australia’s recovery

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Neuberger Berman wins State Super mandate

State Super has awarded a global equities manager mandate to global investment manager Neuberger Berman. State Super senior investment manager ...

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Super funds begin rebound, but recovery still a way off

After losing 12 per cent over February and March during the COVID-19 induced market downfall, new Chant West data has shown super funds began to ...

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Hostplus expects early release to ease as economy reopens

Hostplus has reported the volume of early release applications it has received is 360 times higher than members’ usual financial hardship claims, but ...

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Monthly employer super contributions forecast to fall by $700m

Superannuation funds are only set to be knocked further by COVID-19, with KPMG estimating lowered wages and employment will lead to $700 million less ...

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APRA reveals latest early super data

APRA has revealed another week of early release super data as the number of new claims finally begins to decline. Over the week to 10 May, super ...

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Early super numbers jump

The early super release scheme has continued to see massive uptake. Over the week to 10 May, super funds made payments to 390,000 members – ...

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Super funds yet to receive ME Bank dividend

ME Bank is yet to deliver a dividend to the 26 industry superannuation funds that own it, with an MP speculating the lack of returns could be at odds ...

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